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By NFTevening
Solaxy ($SOLX), the first-ever Solana Layer 2 protocol tailored for the booming meme coin sector, is turning heads in the crypto world. In under three weeks, the newly launched presale has raised nearly $8 million.
The Solay presale has witnessed growing interest from high-value investors – with a whale picking up $158K worth of $SOLX tokens on New Year’s Eve. With this viral appeal and unique features, Solaxy is quickly becoming the most talked-about presale project in the Solana ecosystem.
Currently, $SOLX is priced at $0.001588 per token during the ongoing presale round. However, with the increasing demand for $SOLX, the token price will steadily increase throughout the course of the presale.Â
The project plans on securing major listings for $SOLX post the presale – which could push the token price to new heights in the coming months and years. To maximize on passive income, token holders also have the option of staking $SOLX on the staking mechanism – and securing an APY (Annual percentage yield) of up to 449%.Â
So far, 2.5 billion of the entire 138.046 billion token supply is staked on Solaxy. However, with the staking APY set to increase as more tokens are locked, prospective investors should hurry to buy and stake $SOLX to reap the highest benefits.Â
With a live market cap of $115 billion – meme coins remain one of the most influential niches in the crypto ecosystem. Solana’s meme coin market itself is growing at a rapid rate – up by 2% in the last 24 hours – attracting a total capitalization of more than $20 billion.Â
While many Solana meme coins such as Bonk (BONK) and dogwifhat (WIF) have offered huge returns to investors, Solaxy sets itself apart by providing unique use cases.Â
Solaxy’s Layer 2 solution addresses some of the Solana network’s major challenges – including network congestion, scalability limits, and failed transactions.Â
Solaxyoffloads transactions from the main L1 chain to its L2 network – reducing the data burden on Solana’s main network and ensuring fast and smooth transactions. By batch processing through transaction bundling, Solaxy optimizes scalability – keeping costs low while increasing throughput.Â
This L2 network also processes transactions off-chain, effectively eliminating downtime and providing seamless service even during periods of high network activity.Â
Solaxy also possesses the capability to bridge from Solana to Ethereum. By merging Ethereum’s liquidity and security with Solana’s speed, the protocol creates a robust ecosystem for decentralized finance (DeFi) and meme coin trading.
Due to these innovative use cases, Solaxy is positioning itself as a key player in the blockchain space.Â
https://x.com/SOLAXYTOKEN/status/1873021430268391773Â
Following the presale success and innovative L2 utility, Solaxy is garnering attention across the crypto community.Â
Auston Hilton, a popular crypto analyst with 300,000 YouTube subscribers recently talked about this trending new project in hisnew video. Hilton mentioned that $SOLX could be a top choice among the new meme coin projects – as it is one of the few that promises real utility, while also providing passive income via staking rewards.Â
A similar view was shared byJacob Crypto Bury, another popular crypto analyst who has highlighted the growth potential of this new meme coin. Due to the token’s novelty and use cases, Bury highlights that $SOLX could go on to offer up to 10x returns to early investors.Â
Interested investors can visit theofficial Solaxy presale website and connect with a compatible crypto wallet. $SOLX can be purchased with ETH, BNB, USDT, or a Credit Card.Â
Alternatively, investors can purchase $SOLX directly through the ‘Upcoming Tokens’ feature onBest Wallet – one of the top non-custodial crypto wallets in the world.Â
Stay updated on the latest project developments by joining the Solaxy community onX andTelegram.
Visit Solaxy Presale
Disclaimer
NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Opinions expressed on NFTevening are not investment advice. Before making any high-risk investments in cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility. NFTevening does not endorse the purchase or sale of any cryptocurrencies or digital assets and is not an investment advisor. Additionally, please note that NFTevening participates in affiliate marketing.
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